Redcliffe Magtronics Limited (03555555): administration
- Status
- Administration ended
- Administration began
- 2015-04-29
- Administrators
- Gregory Andrew Palfrey, Gilbert J Lemon
- Administrators' firm
- Evelyn Partners
- Formerly
- Redcliffe Limited
- Incorporated
- 1998-04-24
- Location
- Bristol
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The Bristol! based Company was incorporated on 24 April 1998 as Redcliffe Limited but changed its name to Redcliffe Magtronics Limited on 10 April 2002. It is a 100% subsidiary of Redcliffe Holdings Limited which ts non-trading and incorporated on 6 October 1995.
The Company trades in the manufacture of electrical equipment with a smaller element of design and consultancy work. Its product range has been developed to meet the demands of its customers and includes specialist equipment for safety critica! industries.
The Company had traded profitably for many years as a specialist high performance engineering company with turnover reaching £4m in 2006. However in the first quarter of 2015 the Company suffered a dramatic reduction in orders. Its major customers attribute
Administrators' statement of proposals (2015-07-01) · Companies House register